Masraf al Rayan
Masraf Al Rayan, a prominent financial institution headquartered in Qatar, has established itself as a leader in the Islamic banking sector since its inception in 2006. With a strong presence in the Middle East and North Africa, the bank focuses on providing Sharia-compliant banking solutions tailored to meet the diverse needs of its clients. The bank offers a range of core products and services, including retail banking, corporate banking, and investment services, all designed to uphold Islamic finance principles. Masraf Al Rayan is recognised for its innovative approach and commitment to customer service, positioning itself as a trusted partner in the financial landscape. Notable achievements include its consistent ranking among the top Islamic banks in the region, reflecting its robust market position and dedication to excellence in financial services.
DitchCarbon Score
How does Masraf al Rayan's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Masraf al Rayan's score of 27 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Masraf al Rayan's reported carbon emissions
In 2023, Masraf al Rayan reported total carbon emissions of approximately 357,786,000 kg CO2e. This figure includes 3,793,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 107,761,000 kg CO2e from Scope 2 emissions related to purchased electricity. The majority of their emissions, about 246,232,000 kg CO2e, fall under Scope 3, which encompasses business travel. Comparatively, in 2022, the bank's total emissions were approximately 128,248,000 kg CO2e, with Scope 1 emissions at zero, Scope 2 emissions at 65,749,000 kg CO2e, and Scope 3 emissions at 62,499,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. Currently, Masraf al Rayan has not established any specific reduction targets or climate pledges, which places them in a challenging position within the industry as global standards increasingly emphasise the importance of measurable climate commitments.
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Get Started| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | 0,000,000 |
| Scope 2 | 65,749,000 | 000,000,000 |
| Scope 3 | 62,499,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Masraf al Rayan is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
